Electra Power (2019) (XTAE:ELCP) Debt-to-Equity : 0.93 (As of Dec. 2023)

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What is Electra Power (2019) Debt-to-Equity?

Electra Power (2019)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪107.0 Mil. Electra Power (2019)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪633.7 Mil. Electra Power (2019)'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪800.6 Mil. Electra Power (2019)'s debt to equity for the quarter that ended in Dec. 2023 was 0.93.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Electra Power (2019)'s Debt-to-Equity or its related term are showing as below:

XTAE:ELCP' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.39 Med: 0.85 Max: 2.48
Current: 0.93

During the past 7 years, the highest Debt-to-Equity Ratio of Electra Power (2019) was 2.48. The lowest was 0.39. And the median was 0.85.

XTAE:ELCP's Debt-to-Equity is ranked worse than
52.27% of 484 companies
in the Utilities - Regulated industry
Industry Median: 0.86 vs XTAE:ELCP: 0.93

Electra Power (2019) Debt-to-Equity Historical Data

The historical data trend for Electra Power (2019)'s Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Electra Power (2019) Debt-to-Equity Chart

Electra Power (2019) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.86

0.39

0.73

0.78

0.93

Electra Power (2019) Quarterly Data
	Dec18	Mar19	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.78	0.81	0.93	1.01	0.93

Competitive Comparison of Electra Power (2019)'s Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Electra Power (2019)'s Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Electra Power (2019)'s Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Electra Power (2019)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Electra Power (2019)'s Debt-to-Equity falls into.

Electra Power (2019) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Electra Power (2019)'s Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(106.99	+	633.727)	/	800.557
	=	0.93

Electra Power (2019)'s Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(106.99	+	633.727)	/	800.557
	=	0.93

Electra Power (2019) (XTAE:ELCP) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Electra Power (2019) Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Electra Power (2019)'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Electra Power (2019) (XTAE:ELCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Electra Power (2019) Ltd (XTAE:ELCP) » Definitions » Debt-to-Equity

Traded in Other Exchanges

N/A

Address

35 Yad Harutzim, Netanya, ISR

Website

https://www.supergasenergy.co.il

Electra Power (2019) Ltd is engaged in the supply of energy and electricity in Israel. The company offers energy solutions which include cooking gas, natural gas, solar energy, and charging stations for electric vehicles. Electra Power focuses on transferring power into the hands of the consumer and providing smart services and solutions.

Electra Power (2019) (XTAE:ELCP) Headlines

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